Advogato has heard a rumor that Caldera sent out "the letter" a few days
ago, but this time to a very select list, mostly comprised of hardcore
kernel hackers. They apparently got allocations in the range of 100-800
each. Also, there's an article on Slashdot
on what to do with all that profit.
It's interesting that Caldera would scale back the program so much.
Although the Red Hat and VA programs had their share of problems, broad
participation from the community would seem like a good thing. Also, the
Caldera offer appears to be US-only, which is a disappointing step
backwards.
LinuxCare still hasn't announced whether they're going to be sending
the
"letter". From some informal chats that Advogato has had with people
there, it seems like they haven't quite made up their mind. The S-1 has
very similar timing to the Caldera one, so we'll probably find out soon.
Free software developers eager to risk their cash in the hot but
volatile IPO market will still have the opportunity to participate in
the LinuxOne program. Please do not take this as investment advice,
though!
I can confirm the story, US only, have to have $2000 handy, about a 4
day
time scale to do all the stuff needed (open accounts etc). Probably not
a problem
for a US citizen. Kind of ironic that a Finnish created OS has exactly
zero
public listings in Finland and nobody in .fi has been eligible for any
of them.
Alan
It appears they are doing some planning for non US folks, they just
hadn't
said anything yet. They ask that the mail itself isnt forwarded so other
than
saying 'yes they are doing stuff' I wont comment further
Their US offering is through Wit Capital. They've made arrangements for
international through Banc of America Securities. (these items are from
their preliminary prospectus)
I can also confirm non-US participation: some of the Apache guys from
outside the US have received a letter. It
would appear they are a bit slower with the invitation to participate
for non-US folks (probably because of the overhead).
Note that the $2000 that Alan quotes is related to the amount needed to
open a Wit Capital account (e.g. US participants). It is unrelated to
the Caldera IPO itself. People needed to have their Wit Capital
accounts opened by *today* (well, postmarked). The account needs to be
registered as participating in the IPO by the 10th. I would guess that
if you haven't received a letter yet, then it may be too late.
Just found this at lwn.net/daily:
We have just received information that Caldera
indeed has made their directed
shares program available to international
developers, particularly in Europe but
including other areas of the globe. In order to do
so, they are working with
multiple investment firms. Wit Capital is handling
only domestic US accounts,
which is correct, but Bank of America Security,
LLC is handling International
accounts. Bank of America can be contacted at 415
627 3115, 600 Montgomery
Street, San Francisco, CA. Account forms are due
to them via FAX (415 913
5530) no later than Friday, March 10th, so move
quickly if you have this
opportunity. We have confirmed participation in
Australia as well.